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. goldman sachs, morgan stanley, bank of america to my jp morgan chase, citigroup, and wells fargo and ge capital, aig, prudential, and met life insurers. here is the example of the hit they would face. assets as of december 31, 2013, 2 point $4 trillion. an estimated tax of 2.7 alien -- billion dollars or 15% of net income. you can understand why the big banks will fight this effort. a very big deal that dave kamp will fight. >> thanks very much. our chief washington correspondent. jpmorgan told investors today that it is cutting more jobs. they are trying to boost profits. for more insight on what this means i am joined by david konrad, the managing director and head of u.s. bank research at macquarie group and joining me here, keri geiger who covers the banking industry. tell us the news, what did jpmorgan say? >> jpmorgan seems to be very optimistic that over the next four to years they can increase profits. about 50%, which would be about $27 billion. within the industry that would be pretty significant. keep in mind that they will have to cut about 8000 jobs this year in the mortgag
Search Results 0 to 0 of about 1